Reference is made to the stock exchange notice by Quantafuel AS earlier today
pertaining to the notice of an Extraordinary General Meeting ("EGM") to be held
on 3 July 2020. 

The Board of Directors wishes to accommodate the liquidity of Quantafuel's
shares. Furthermore, Quantafuel is exploring the possibility of a future listing
of the shares on Oslo Børs. Based on said objectives and the proposed conversion
of Quantafuel to a public limited liability company (ASA) to meet potential
listing requirements, the Board has decided to propose a share split as further
described below. The proposal will be presented for approval at the EGM. 

Date on which the corporate action was made public: 25 June 2020
Split ratio: 1 old share will give 10 new shares
Last day inclusive right to have 1 share traded into 10 shares: 3 July 2020
(being the date of the EGM)
Ex-date: 6 July 2020 
Record date: 7 July 2020 
Date of approval: 3 July 2020

For further queries, please contact: 
Kjetil Bøhn, CEO +47 91573818
Kristian Flaten, CFO +47 95092322

About Quantafuel | https://quantafuel.com 
Quantafuel is a technology-based energy company converting waste plastics back
into low-carbon synthetic oil products replacing virgin oil products. Quantafuel
is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants
and plans to establish several plants throughout Europe and beyond.

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